Germany published the law to reduce the solidarity surcharge in the Official Gazette on 12 December 2019. The current 5.5% surcharge is levied on both individual and corporate income tax and was introduced with effect from the 1995 assessment period to fund reunification of East and West Germany.
The law is the first step in phasing out the surcharge and includes an increase in the surcharge exemption for individuals from EUR 972 to EUR 16,956 for single taxpayers and from EUR 1,944 to EUR…